NOTE 4 — RECENT PRONOUNCEMENTS

New accounting rules and disclosure requirements can impact our results and the comparability of our financial statements. The following new accounting pronouncements are relevant to the readers of our financial statements.

ASC 820 (formerly FAS 157, Fair Value Measurements) We adopted ASC 820, which provides a common definition of fair value, establishes a uniform framework for measuring fair value and requires expanded disclosures about fair value measurements in 2009. See Note 13, Fair Value Measurements, for details. The adoption of ASC 820 did not have a material impact on our financial statements.

ASC 855 (formerly FAS 165, Subsequent Events) We adopted ASC 855 in Quarter III of 2009. ASC 855 establishes the accounting for and disclosure of events that occur after the balance sheet date, but before financial statements are issued or are available to be issued. It requires the disclosure of the date through which an entity has evaluated subsequent events and the basis for that date, specifically, whether that date represents the date the financial statements were issued or were available to be issued. See Basis of Presentation in Note 3, Summary of Significant Accounting Policies, for the related disclosures. The adoption of ASC 855 did not have a material impact on our financial statements.

ASC 105 (formerly, FAS 168, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles — a replacement of FASB Statement No. 162) ASC 105 establishes only two levels of U.S. generally accepted accounting principles (GAAP), authoritative and nonauthoritative. The FASB Accounting Standards Codification (the “Codification,” as used in this report “ASC”) is the source of authoritative, nongovernmental GAAP, except for rules and interpretive releases of the Securities and Exchange Commission (SEC), which are sources of authoritative GAAP for SEC registrants. All other nongrandfathered, non-SEC accounting literature not included in the Codification became nonauthoritative. This standard is effective for financial statements for interim or annual reporting periods ending after September 15, 2009. We began using the new guidelines and numbering system prescribed by the Codification when referring to GAAP in our Form 10-K Report for 2009. As the Codification was not intended to change or alter existing GAAP, it does not have any impact on our consolidated financial statements.